Consolidated Cash Flow Statement
For the year ended 31 December 2007
| US$m | Notes | 2007 | 2006* |
|---|---|---|---|
| Profit before taxation (continuing operations) | 8,127 | 3,376 | |
| Adjustments for: | |||
| Profit before tax from discontinued operations | 8 | 89 | 93 |
| Finance income | 10 | (218) | (282) |
| Finance cost | 10 | 1,133 | 881 |
| Share of results from associates | 20 | (15) | (4) |
| Profit on sale of available-for-sale financial assets | 10 | – | (63) |
| Net (profit)/loss on disposal of property, plant and equipment | 3 | (3) | |
| Impairment of assets | 10 | – | 1,824 |
| Disposal fair value adjustment | 10 | 25 | – |
| Depreciation | 10 | 2,025 | 1,221 |
| Amortisation | 10 | 102 | 23 |
| Share-based compensation plans | 10 | 103 | 91 |
| Increase in trade and other receivables | (348) | (224) | |
| Increase in other assets | (106) | (154) | |
| Increase in inventories | (652) | (178) | |
| Increase in trade and other payables | 552 | 159 | |
| Increase/(decrease) in provisions | 224 | (34) | |
| Other non-cash movements | 2 | (20) | |
| Cash generated from operations | 11,046 | 6,706 | |
| Income tax paid | (2,965) | (1,022) | |
| Interest paid | (803) | (498) | |
| Interest received | 132 | 87 | |
| Dividends received – associates | – | 10 | |
| Dividends received – other | 4 | 3 | |
| Net cash flow from operating activities | 7,414 | 5,286 | |
| Purchase of property, plant and equipment | (2,848) | (1,469) | |
| Proceeds from sale of property, plant and equipment | 86 | 32 | |
| Purchase of intangible assets | (14) | (16) | |
| Purchase of available-for-sale financial assets | (41) | (3) | |
| Proceeds from the sale of available-for-sale assets | 10 | – | 190 |
| Payments to black empowerment partner | (44) | – | |
| Acquisition of subsidiaries, net of cash acquired | (2,130) | (17,064) | |
| Acquisition of interest in joint venture, net of cash acquired | – | (1,715) | |
| Disposal of subsidiaries, net of disposal costs and cash disposed | 1,120 | 24 | |
| Net cash flow used from investing activities | (3,871) | (20,021) | |
| Issue of share capital | – | 6,684 | |
| Purchase of own shares | (532) | (11) | |
| Disposal of own shares | 56 | 1,134 | |
| Proceeds from interest bearing loans and borrowings | 6,666 | 22,807 | |
| Interest bearing loans and borrowings issue costs | (38) | (85) | |
| Repayment of interest bearing loans and borrowings | (9,431) | (14,035) | |
| Payment of finance lease liabilities | (159) | (28) | |
| Dividends paid to equity holders of the parent | (443) | (251) | |
| Dividends paid to minority interests | (485) | (202) | |
| Capital injection from minority interests | 180 | – | |
| Redemption of minority interests | (22) | (95) | |
| Net cash flow used in financing activities | (4,208) | 15,918 | |
| Net increase/(decrease) in cash and cash equivalents | (665) | 1,183 | |
| Net foreign exchange difference | 17 | 13 | |
| Cash and cash equivalents at 1 January | 1,717 | 521 | |
| Cash and cash equivalents at 31 December | 25 | 1,069 | 1,717 |
| *Restated for the revisions to the Falconbridge, Cerrejon and Tintaya acquisitions in 2006 refer to note 7 | |||